Home

Down Payment Assistance offered at City of Tacoma

747 Market Street, Tacoma Municipal Building, Tacoma, WA 98402

- Must be a first-time homebuyer (if you haven't owned a home in the past 3 years), and home being purchased must be the principal residence once purchased. - Must attend a free Homebuyer Education Seminal sponsored by the Washington State Housing Finance Commission and receive a certificate of completion. Household income must be at or below 80% or Area Median Income. Visit website for current guidelines.
M-F, 8am-5pm.

Voice - Apply Through website

https://tacoma.gov/government/departments/community-and-economic-development/housing-division/down-payment-assistance/

Visit the website for more information. Contact Washington State Housing Finance Commission for overall information about the Down Payment Assistance program. Contact the City of Tacoma for information on Loan Payoff Requests, Loan Subordination Needed for Refinancing Purposes, or to complete a subordination request form.

No fees for this service.

Tacoma, WA

Description

Offers a program intended for people who are buying a home within the eligible Tacoma City Limits. The program allows up to $80,000 in down payment assistance with payments deferred for 30 years at a 0% simple interest rate. There are no monthly payments on the loan. The balance is due and payable when a person: - sells, refinances or transfers ownership of the home - fails to maintain status as a principal place of residence - when the home is paid off (on or before 30 years) Funds may be used for down payment and closing costs based upon need. The minimum contribution to the down payment is $1000. Gift funds are allowed to meet the minimum contribution.

Providing organization

City of Tacoma

Administration numbers and hotlines for the City of Tacoma.